NOT LISTED FOR SALE

Estimated Value: $1,396,000 - $1,769,000

6 Beds
3 Baths
4,414 Sq Ft
$370/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $1,400,000 $317 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,284/month

141 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Herbert Hoover High School Rated A-
  • Floor Furnace

About This Home

As of January 2023

Trust sale. 4-unit. All units are 2+1 + DA + laundry hook-up, front & back door and one-car garage. Each unit average 1,100 Sqft for a total of 4,414 on 7,700+ Sqft lot. All units have individual water heaters and are separately metered for gas and electrical. Close to downtown Glendale, Galleria, Americana, downtown Burbank, and Old town Pasadena.

Last Agent to Sell the Property

Kifah Azzuz

MB Real Estate License #00935157 Listed on: 08/16/2022

Last Buyer's Agent

Kifah Azzuz

MB Real Estate License #00935157 Listed on: 08/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,008

Year Built

  • Built in 1929

Lot Details

  • 7,734 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 4,414 Sq Ft Home
  • Quadruplex

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot A
  • Tax Tract Number 4531
  • Assessor Parcel Number 5638006018
  • $461 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $29,200
  • Gross Income $83,724
  • Net Operating Income $56,724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,008

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.70
  • Inclusions: if any, list will be provided
  • Price Per Unit: 373750
  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Zoning: GLR4YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5638006018
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 317.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7734.00
  • Lot Size Acres: 0.1775

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 83724.00
  • Gross Multiplier: 17.86
  • Gross Scheduled Income: 83724.00
  • Insurance Expense: 1.00
  • Lot Size Area: 7734.0000 Square Feet
  • Net Operating Income: 56724.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 3
  • Operating Expense: 27000.00
  • Rent Control: No
  • Total Actual Rent: 6977.00
  • Total Expenses: 29200.00

Tax Info

  • Tax Census Tract: 3017.02
  • Tax Lot: A
  • Tax Tract Number: 4531
  • TaxOtherAnnualAssessmentAmount: 461.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Dec 27, 2022
Sold by
Gladys P Tominaga Declaration Of Trust
Bought by
Margaryan Armen
Seller's Agent
Kifah Azzuz
MB Real Estate
Buyer's Agent
Kifah Azzuz
MB Real Estate
List Price
$1,699,000
Sold Price
$1,400,000
Premium/Discount to List
-$299,000
-17.6%
Views
86
Current Estimated Value
$1,634,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,714
Avg. Annual Appreciation
6.29%
Original Mortgage
$840,000
Outstanding Balance
$817,232
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$817,482

Purchase Details

Closed on
Aug 18, 2016
Sold by
Tominaga Gladys P
Bought by
Tominaga Gladys P and Gladys P Tominaga Declaration Of Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Margaryan Armen $1,400,000 Ticor Title
Tominaga Gladys P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margaryan Armen $840,000
Previous Owner Declaration Gladys P Tominaga $785,000
Previous Owner Tominaga Gladys R $500,000
Previous Owner Tominaga Gladys P $278,000
Previous Owner Tominaga Gladys P $274,500
Previous Owner Tominaga Gladys P $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2023 01/24/23 Sold $1,400,000 0.0% $317 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
12/22/2022 12/22/22 Off Market $1,400,000 -- --
11/01/2022 11/01/22 Price Changed $1,495,000 -12.0% $339 / Sq Ft
08/16/2022 08/16/22 For Sale $1,699,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,008 $1,456,560 $1,029,996 $426,564
2024 $16,008 $1,428,000 $1,009,800 $418,200
2023 $1,973 $135,839 $62,710 $73,129
2022 $1,939 $133,177 $61,481 $71,696
2021 $1,882 $130,567 $60,276 $70,291
2019 $1,821 $126,696 $58,489 $68,207
2018 $1,711 $124,213 $57,343 $66,870
2016 $1,583 $119,391 $55,117 $64,274
2015 $1,556 $117,599 $54,290 $63,309
2014 $1,574 $115,296 $53,227 $62,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22178595

California Regional Multiple Listing Service (CRMLS)

APN: 5638-006-018